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Rental Insights for ZIP Code 75763 (Frankston, TX)

Housing Rentals in ZIP Code 75763 (Frankston, TX)

75763 ZIP Code in Texas

A Comprehensive Look at Rentals in the ZIP Code 75763

The 75763 ZIP Code is primarily associated with Frankston, TX in Anderson County. The median housing rent payment in this region of Texas is $755 per month. Approximately 14.2% of housing units in this Anderson County ZIP Code are occupied by renters, while the region has an estimated rental unit vacancy rate of 7.0%.

The median rent in ZIP Code 75763 of $755 per month is 28% lower than the aggregate Texas median monthly rent of $1,045, and is 29% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 62.3% of residents in ZIP Code 75763 have a monthly rent payment between $500 and $999. That is 57% higher than in Texas overall, in which 39.6% of total state residents pay between $500 and $999 per month for housing. Only 1.1% of renters in this Frankston, TX region pay between $1,500 and $1,999 per month for rent.

ZIP Code 75763 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 75763

See the chart below for a comparison of monthly rental costs in ZIP Code 75763, Texas, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 75763 along with those in the state of Texas and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 75763

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 75763 Texas U.S.
Less than $500 11.6% 6.6% 9.4%
$500 to $999 62.3% 39.6% 36.2%
$1,000 to $1,499 25.0% 35.0% 30.0%
$1,500 to $1,999 1.1% 13.3% 14.0%
$2,000 to $2,499 0.0% 3.5% 5.6%
$2,500 to $2,999 0.0% 1.1% 2.4%
$3,000 or more 0.0% 0.9% 2.4%

Rent Cost vs. Income in ZIP Code 75763

Renters in ZIP Code 75763 use an estimated 24.47% of their income to cover their monthly rent payments. That is about 17% lower than in Texas overall. The estimate for Texas overall is 29.37% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 75763 renters use about 18% less of their income to cover rent expense. Household income figures for ZIP Code 75763 come in lower than in Texas as a whole. The median annual household income in ZIP Code 75763 of $58,551 sits approximately 5% lower than the overall Texas median income of $61,874 and approximately 7% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 75763

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 75763, Texas, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 75763 along with the same calculations in the state of Texas and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 75763

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 75763 Texas U.S.
Less than 15.0 percent 33.1% 13.2% 13.1%
15.0 to 19.9 percent 7.7% 13.6% 12.9%
20.0 to 24.9 percent 19.7% 13.6% 12.9%
25.0 to 29.9 percent 7.0% 11.8% 11.6%
30.0 to 34.9 percent 3.2% 9.1% 9.1%
35.0 percent or more 29.2% 38.6% 40.5%

Household Income in ZIP Code 75763

See the table below for the regional comparison of annual household income in ZIP Code 75763.

Income ZIP 75763 Texas U.S.
Less than $10,000 2.4% 6.1% 6.0%
$10,000 to $14,999 7.5% 4.0% 4.3%
$15,000 to $24,999 10.4% 8.9% 8.9%
$25,000 to $34,999 8.2% 9.3% 8.9%
$35,000 to $49,999 14.4% 12.5% 12.3%
$50,000 to $74,999 20.9% 17.6% 17.2%
$75,000 to $99,999 19.9% 12.5% 12.7%
$100,000 to $149,999 11.6% 15.0% 15.1%
$150,000 to $199,999 2.6% 6.7% 6.8%
$200,000 or more 2.1% 7.4% 7.7%

Household Income in ZIP Code 75763

See the chart below for a comparison of annual household income figures in ZIP Code 75763, Texas, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 75763 alongside the same figures for the state of Texas and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 75763

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 75763.

ZIP 75763 Texas U.S.
Median Housing Rent $755 $1,045 $1,062
Renter-Occupied Housing Units 14.2% 38.0% 36.0%
Rental Vacancy Rate 7.0% 7.8% 6.0%
Average Size of Renter-Occupied Unit 2.75 2.63 2.49
Average # of Bedrooms Per Unit 2.8 2.75 2.75
Percent of Income Spent on Rent 24.47% 29.37% 29.83%
Per Capita Income $26,010 $31,277 $34,103
Median Household Income $65,955 $87,260 $88,607
Living Below the Poverty Line 9.8% 11.3% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 75763

In ZIP Code 75763 (Frankston, TX), and estimated 14.2% of housing units are occupied by renters. This region has an approximate rental vacany rate of 7.0%.

The per capita income in 75763 is estimated at $26,010, which goes along with an estimated median household income of $65,955. About 9.8% of residents in this Anderson County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.75 occupants, while the units have an aggregate average size of 2.8 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 24.47% of their income on housing rental costs.

Rental FAQs for ZIP Code 75763

1

What is the median monthly rent in ZIP Code 75763?

Median rent for housing in ZIP Code 75763 in Anderson County in Texas is approximately $755 per month.
2

Is it expensive to rent in ZIP Code 75763?

Rent in ZIP Code 75763 is lower than average in the state of Texas overall. The median monthly rent of $755 in ZIP Code 75763 is approximately 28% lower than the Texas median of $1,045. Additionally, median rent in this Frankston, TX region ($755) is about 29% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 75763?

High-priced rentals are not common in the Frankston, TX ZIP Code of 75763, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Texas overall, approximately 0.9% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 75763?

Affordable rentals are more common in ZIP Code 75763 than in Texas overall. The percentage of housing rentals in ZIP Code 75763 costing $999 or less per month (73.9%) is approximately 60% higher than the Texas rate of 46.2% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 62% lower than the previously mentioned 75763 rate of 73.9%.
5

What is the most common cost range that rentals fall into in ZIP Code 75763?

The most common range for rental cost in ZIP Code 75763 is between $500 and $999 per month. About 62.3% of renters in 75763 pay in this range for monthly rent. In comparison, approximately 39.6% of renters in the state of Texas fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 75763 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 75763 is lower than the rental vacancy rate in the state of Texas overall. Rental vacancy of 7.0% in ZIP Code 75763 is about 10% lower than the Texas rate of 7.8%. Looking more broadly, rental vacancy in this Frankston, TX region (7.0%) is an estimated 17% higher than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 75763? How does it compare to other Texas regions?

Median household income in ZIP Code 75763 is lower than in the state of Texas overall. Annual household income of $58,551 in ZIP Code 75763 is about 5% lower than the Texas median of $61,874. Additionally, median household income in this Frankston, TX region ($58,551) is approximately 7% lower than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 75763 spend on housing costs?

Renters in ZIP Code 75763 spend a lower amount of their income on rent costs than do renters in Texas overall. Renters in ZIP Code 75763 spend an estimated 24.47% of their income on rent payments, which is about 17% lower than the overall Texas estimated rate of 29.37%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 18% higher than the ZIP Code 75763 estimated rate of 24.47%.
9

Do renters in ZIP Code 75763 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 75763 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 75763 spending 30 percent or more of their income on rent costs (32.4%) is approximately 32% lower than the Texas rate of 47.7% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 35% higher than the aforementioned 75763 rate of 32.4%.
10

What is the average household size of renter-occupied units in ZIP Code 75763?

The average household size of renter-occupied units in ZIP Code 75763 is higher than in the state of Texas overall. Annual household size of 2.75 in ZIP Code 75763 is about 5% higher than the Texas median of 2.63. Additionally, median household size in this Frankston, TX region (2.75) is approximately 10% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Texas ZIP Codes